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Y purchased a lottery ticket as a Christmas present for Z, her daughter. This ticket won $200,000. The family decided not to spend the money

Y purchased a lottery ticket as a Christmas present for Z, her daughter. This ticket won $200,000. The family decided not to spend the money but instead invest it so that Z would have it later in life. Z's father W thinks that buying cryptocurrency would be a good idea. Discuss Z's tax situation.

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